The Cash Flows of a Project Include the

Multiple Choice

The cash flows of a project include the

A) net operating cash flow generated by the project,less both sunk and erosion costs.
B) incremental operating cash flow,as well as any changes in capital spending and net working capital.
C) net income generated by the project plus the annual depreciation expense.
D) sunk costs,opportunity costs,and erosion costs of the project.
E) incremental operating cash flow plus any after-tax salvage value minus opportunity costs.